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All tagged JPCOA
◢ The president of sanctions-hit Iran called Thursday for Muslim countries to cooperate in fighting US "economic terrorism" at the opening of a summit aimed at tackling the Islamic world's woes. The Muslim world needs to be saved "from the domination of the United States dollar, and the American financial regime", he added, calling for greater financial cooperation between Islamic countries.
◢ The United States on Wednesday accused Iran of bad faith for challenging Washington's renewed nuclear-linked sanctions against it at the UN's top court. Iran has asked the International Court of Justice to order the United States to lift the sanctions, reimposed after US President Donald Trump pulled out of a multilateral 2015 accord.
◢ Renewed nuclear sanctions would certainly cause severe problems for Iran's economy, but much of the damage has already been done by the uncertainty created by the US and myriad home-grown problems. It was awkward timing for the annual International Oil Show in Tehran this week, which opened just two days before US President Donald Trump was due to make his decision on the Iran deal.
